VWAP Moving Up
VWAP moving up nicely, but no where near price level.
Although given the long-term bullish outlook for USOIL, possible bullish story from the rig count, and rising geopolitical tension, if this can take out 62.48-62.50, 63 is possible.
On the downside, if the trailed off volume after 61.32 is an indication that it's just a short-squeeze, then I'm looking at 61 for support.
Everyone from investing.com, to Seeking Alpha, to TV chat boards are trying to figure out why USOIL just bounced. I think it's a mix of short-term technical-s and long-term fundamentals.
Although given the long-term bullish outlook for USOIL, possible bullish story from the rig count, and rising geopolitical tension, if this can take out 62.48-62.50, 63 is possible.
On the downside, if the trailed off volume after 61.32 is an indication that it's just a short-squeeze, then I'm looking at 61 for support.
Everyone from investing.com, to Seeking Alpha, to TV chat boards are trying to figure out why USOIL just bounced. I think it's a mix of short-term technical-s and long-term fundamentals.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.